NNVC Dividend Type Payments

Nanoviricides, Inc dividend

Although NNVC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Nanoviricides, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

Nanoviricides, Inc (NNVC)
Bid Ask Last Change Volume P/E Market Cap
0.30 0.32 0.30 0.00 154K - 0.0B

NNVC Dividend-Like Income Using Covered Calls

With NNVC at 0.30, here's a table showing how big the annual "dividend" (ie. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 0.01 0.0
5% 0.02 0.0
10% 0.03 0.0

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

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Top 10 Open Interest For Apr 18 Expiration     Top 5 High Yield
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Want more examples? NNN Dividend | NOA Dividend